Add HDFC to portfolio, says Rajesh Kothari

Rajesh Kothari - Managing Director at AlfAccurate Advisors told CNBC-TV18, "From portfolio perspective we don’t own much of PSU banks except State Bank of India (SBI) to some extent. In the private sector banks, if you look at even HDFC and HDFC Bank, both have corrected very handsomely in last probably I would say 32 to 45 days. HDFC currently trades at three times core price to expected adjusted book value on March '17 basis. It is kind of a near to its bottom from valuation perspective.""I would say that one can surly keep adding the quality private sector banks in the portfolio and non-banking financail companies (NBFCs) like HDFC," he said.